Summary/ Gist of Amendments to Companies (Accounts) Rules, 2014 -Insertion of a Proviso in Rule 3(1)- To mandate Accounting software having audit trail feature of every transaction -Insertion of 2 clauses in Rule 8(5)- To add more matters to be included in Board report Effective Date of Companies (Accounts) Amendment Rules, 2021- 1 April, 2021 […]
Gist of Amendments -Omission of a clause of Rule 11 of of Companies (Audit and Auditors) Rules 2014 -Insertion of 3 clauses to Rule 11 with an intent to add more matters to Auditors report Effective Date of Applicability of Companies (Audit and Auditors) Amendment Rules 2021 – 1 April, 2021 Rule 11- Other Matters […]
Amendments analysis in Schedule V of Companies Act,2013 vide MCA Notification dated 18 March, 2021 Summary/ Gist of Amendments Amendments in Section I, II and III of Schedule V- Part II- Remuneration Insertion of Remuneration provisions and Maximum Limit of Remuneration related to Non- Executive or an Independent director relevant Notifications MCA notifies amendment in […]
MCA on 5 March. 2021 has made some amendments with 3 different notifications. Let us know about those amendments through this article. Summary of amendments made ♣ Provisions of Section 23(1) to be made applicable w.e.f. 5 March, 2021 ♣ Insertion of Option for Aadhaar Authentication for GST Registration for Company Incorporation ♣ Omitting the […]
Every Food Business Operator is required to file periodical return depending on its Type of Business and Type of License he is holding. This article will let you know about returns FBO is required to file depending on their business activity and License category. Applicable Provisions of Food Safety and Standards Act, 2006 related to […]
Name change involves alteration in Memorandum of the company. So provisions for Alteration of Memorandum are to be complied. Let us know in detail through this article about applicable provisions and practical procedures to change the name of a company.
MCA on 1 Feb. 2021 has made some amendments with 3 different notifications. Let us know about those amendments through this article. Summary of amendments made (a) Amendment in definition of Small company (b) Extending Scope for Mergers and Amalgamations for startup companies (c) Reducing the no. of days to check residence criteria of directors […]
Amendments in Companies (Incorporation) Rules, 2014 vide Companies (Incorporation) Second Amendment Rules, 2021 Following Rules of Companies(Incorporation) Rules, 2014 has been amended- Rule 3, 6, 7 and Annexure Summary of amendments made (a) Reducing the no. of days to check residence criteria of directors. (b) Omitting limit of Turnover and paid up share capital for […]
Do you wish to sell goods to the Government ? If yes, then you can do so by registering on GEM Portal which is a E-marketplace for selling goods to the government through Online bidding. To know more about this, read the complete article. Introduction E market place set up for procurement and selling of […]
Revival of a company which is strike off voluntarily or Suo-moto is in favor of both company and Economy as revived company will contribute to India’s Economic growth. So let us know about the procedure of revival of strike off company. But before knowing revival procedure, let us first understand the reasons why a company […]
